Belarusian-Vietnamese business forum held in Minsk

The National Centre for Marketing organized the Belarusian-Vietnamese business forum, which was held in Minsk on June 11, 2018.

The event was attended by the representatives of the Ministry of Foreign Affairs, Ministry of Agriculture and Food of Belarus, Ministry of Industry and Trade of Vietnam, Lao Cai Provincial People's Committee, Vietnam Trade Promotion Agency Vietrade, as well as about 100 representatives of Belarusian and Vietnamese companies, working in agriculture, textile industry, mechanical engineering and other industries.

Director of the National Center for Marketing Valery Sadokho welcomed the participants of the forum and stated that both countries are keen to expand their cooperation in many fields. Nowadays Belarusian companies may export 500 vehicles and 500 vehicle sets to Vietnam per a year duty-free, there are big prospects in agriculture as well. Belarus is one of the world’s leading milk producers and Vietnam buys from 50,000 tonnes to 80,000 tonnes of powdered milk annually. In turn, Vietnam produces the goods which Belarus imports. These include seafood, including shrimp, tropical fruits and vegetables, fish. Vietnam is also one of the largest exporters of rice, coffee and pepper.

Valery Sadokho drew attention to the fact that the new opportunities for cooperation between the two countries opened after the Free Trade Agreement between Vietnam and the Eurasian Economic Union came into force in October 2016.

Vietnamese Ambassador to Belarus Le Anh noted that the Belarusian-Vietnamese relations developed rapidly, but full potential of such cooperation had not yet been realized.

During the forum the participants discussed issues of Belarusian and Vietnamese economics and indentified the major areas of further cooperation. The joint projects in agriculture, pharmacy, mechanical engineering, textile industry and IT are a high priority. Within the framework of the forum Mivimex Ltd. and Phuc Thinh signed the contract to supply tapioca starch.

When the official part of the forum had been closed, the businessmen of both countries held the talks.